Businesswire·2026-01-05 13:32Core Viewpoint - Mid Penn Bancorp, Inc. has successfully completed the acquisition of Cumberland Advisors, Inc., enhancing its investment advisory capabilities with approximately $3.2 billion in assets under management as of December 31, 2025 [1][2]. Group 1: Acquisition Details - The acquisition of Cumberland Advisors was finalized on January 1, 2026, and Cumberland has been merged into a newly formed subsidiary, Cumberland Advisors, LLC [1]. - Cumberland Advisors is a registered investment advisory firm with a strong reputation and a conservative investment orientation, serving both national and international clients [2]. Group 2: Company Overview - Mid Penn Bancorp, Inc. is headquartered in Harrisburg, Pennsylvania, and operates as the parent company of Mid Penn Bank, which has over $6 billion in total assets and 59 retail locations across Pennsylvania and New Jersey [3]. - The company offers a comprehensive portfolio of financial products and services to the communities it serves [3].